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TSX Snaps 3-day Losing Streak, Ends Notably Higher
After three successive days of losses, the Canadian market ended on a firm note on Friday thanks to sustained buying in several stocks from across various sectors, amid hopes the Federal Reserve will cut interest rate in September.
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7h 33minuter sedan
Dollar Edges Lower After PCE Data
The U.S. dollar edged lower on Friday amid rising prospects of an interest rate cut by the Federal Reserve in September after the latest readings on the nation's inflation.
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8h 4minuter sedan
Swiss Market Ends Notably Higher
The Switzerland market started off on a weak note Friday morning, but recovered swiftly and then kept moving higher and higher as the day progressed to eventually close on a strong note.
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11h 34minuter sedan
European Stocks Close On Firm Note As Investors Digest Earnings, Economic Data
European stocks closed on a firm note on Friday, with many of the markets recovering after having dropped to multi-month lows in recent sessions. Fairly encouraging economic data from the U.S., and some good earnings updates from European companies helped underpin sentiment in the markets.
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11h 48minuter sedan
Canadian Dollar Drops As Oil Prices Dip
The Canadian dollar weakened against its major counterparts in the New York session on Friday, as oil edged lower on China demand concerns.
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12h 25minuter sedan
Canadian Market Up Firmly In Positive Territory
Canadian stocks are up in positive territory around noon on Friday, tracking firm U.S. stocks after a closely watched inflation data from the Commerce Department has added to confidence about an interest rate cut by the Federal Reserve in September.
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13h 13minuter sedan
U.S. Consumer Sentiment Index Dips Slightly Less Than Previously Estimated In July
The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of July. The report said the consumer sentiment index for July was upwardly revised to 66.4 from the preliminary reading of 66.0. Economists had expected the reading to be unrevised.
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14h 46minuter sedan
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U.S. Dollar Advances After PCE Inflation Data
The U.S. dollar climbed against its major counterparts in the New York session on Friday, after a data showed that the personal consumption expenditures price index crept up in line with economist estimates in the month of June.
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15h 21minuter sedan
U.S. Consumer Prices Inch Up 0.1% In June, In Line With Estimates
Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in June after coming in unchanged in May. The uptick by the index matched expectations.
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15h 43minuter sedan
Franklin Resources Q3 Results Top Estimates
Franklin Resources, Inc. (BEN) announced Friday that net income for the third quarter declined to $174.0 million or $0.32 per share from $227.5 million or $0.44 per share in the prior-year quarter.
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15h 45minuter sedan
Gentex Q2 Results Miss Estimates; Cuts FY24 Revenue Outlook
Automotive products firm Gentex Corp. (GNTX) reported on Friday that net income for the second quarter declined to $86.04 million or $0.37 per share from 109.16 million or $0.47 per share in the prior-year quarter.
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16h 30minuter sedan
U.S. PCE Price Index Inches Higher In June, Annual Growth Slows To 2.5%
Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday.
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16h 30minuter sedan
Russia Central Bank Hikes Rate By 200 Bps
Russia's central bank raised its benchmark rate by 200 basis points on Friday amid rising risks to inflation and slower domestic demand, and also kept the door open for further tightening. The board of directors, led by Governor Elvira Nabiullina, decided to lift the key rate to 18.00 percent from 16.00 percent.
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16h 43minuter sedan